Property Transfers

Feb. 11, 2008 ~ Feb. 15, 2008 1. A business on .03 of an acre at 33 Main St. sold to Lawrence M. Maury and Michelle B. Maury of Naples, Fla. from Robert E. Tonkin, Executor, of Nantucket, Mass. for $4,500,000. The property is assessed at $4,205,600. The land bank fee is $90,000. 2. A [...]

Estimate of Proposed Loan Limit Increases

Geographic Area Current Loan Limit Proposed Loan Limit Anchorage, AK $625,500 $625,500 Atlantic City, NJ $417,000 $453,750 Baltimore-Towson, MD $417,000 $424,351 Barnstable Town, MA $417,000 $583,374 Bend, OR $417,000 $447,500 Bishop, CA $417,000 $729,750 Boston-Cambridge-Quincy, MA-NH $417,000 $603,907 Boulder, CO $417,000 $459,375 Bremerton-Silverdale, WA $417,000 $475,000 Bridgeport-Stamford-Norwalk, CT $417,000 $715,164 Charlottesville, VA $417,000 $425,000 Durango, [...]

Why rates are going up

Treasuries Fall as Demand Wanes for Lowest-Ever 30-Year Yield By Sandra Hernandez and Deborah Finestone Feb. 7 (Bloomberg) — U.S. Treasuries declined as demand was weaker than expected at the government’s $9 billion auction of 30-year bonds, which drew the lowest yield on record. Ten- and 30-year securities fell a second straight day as traders [...]

Latest Rates

Rate Update for February 4, 2008 5/1 ARM 5.375% 7/1 ARM 5.875% 30 YEAR FIXED 6.5% Rates are based on Jumbo loan amounts (over $417,000.) Aggressive Loan to Value Land and Construction Loans (No Cap on Land or Construction Loan Amounts) Pre Fabrication Financing Available Matthew Sanford Sr. Loan Officer 617.293.5399 Matthew.Sanford@Salemfive.com Dalton